Loan modification may stop the foreclosure for homeowners who own half a house built on two parcels of land. Q: I was in foreclosure and my home was ready to go on the auction block when I notified the sheriff’s office that they were selling half a house. My loan is owned by one of [...]
Worried about saving for college? As high school seniors around the country graduate and begin moving on, it may be a good time for them to cash in some of those savings bonds that friends and family members have been giving them over the years. Even if the bonds haven’t fully matured yet, they may [...]
A refinancing mistake may cause problems with a lender. Save all mortgage and refinance documents and carefully review them to avoid refinancing mistakes. Q: Our lender purchased our mortgage in 2003. Even though we own 35 acres of land, we have had only a two-acre cutout involved in the home mortgage for the more than [...]
Whether you’re looking for summer daycare for your kids while you work or you just want some fun new activities for your child while school’s out, you already know that filling your child’s vacation days is no walk in the park. In some areas of the country, parents count on their kids attending a traditional [...]
Recession is coming again. Don't let the presumed end of the Great Recession in 2009 fool you. Horrible housing market numbers from the National Association of Realtors and deplorable news in unemployment predict more instability for the economy. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink [...]
Foreclosure news April 2012 from CoreLogic reveals another rough month for home owners and the housing market. Since the housing bubble burst in 2008, over 3.5 million Americans have lost their homes. The $26 billion mortgage settlement implementation may make a bad situation worse. CoreLogic, a major provider of housing market data, released a monthly [...]
One of the most important concepts in money management is understanding the difference between needs and wants. In order to successfully manage your household finances and your budget, you have to be able to ensure that the most important items in your life—your needs—are taken care of before you focus on your wants. Unfortunately, our [...]
There are four categories of people who should be paying estimated payments: People who are self-employed People whose nonwage income is increasing (or expected to increase) in the current year People who have done well on the stock market People who have gotten a healthy inheritance (or other windfall), with assets that produce income Anyone [...]
Dealing with an illness or injury can be upsetting, yet it can add insult to that injury when your health insurance claim is rejected. The insurance company may deny payment for your medical care or it may decide that the treatment your doctor has recommended isn’t medically necessary. But you don’t need to accept the [...]
